Brokerages expect that Astronics Co. (NASDAQ:ATRO) will post $0.35 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Astronics’ earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.36. Astronics reported earnings of $0.52 per share during the same quarter last year, which would indicate a negative year over year growth rate of 32.7%. The firm is scheduled to report its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Astronics will report full-year earnings of $1.43 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.48. For the next fiscal year, analysts forecast that the business will post earnings of $1.83 per share, with EPS estimates ranging from $1.65 to $2.09. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Astronics.

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Astronics (NASDAQ:ATRO) last released its quarterly earnings data on Monday, August 5th. The aerospace company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.16). Astronics had a return on equity of 12.24% and a net margin of 14.07%. The company had revenue of $189.10 million for the quarter, compared to the consensus estimate of $188.80 million. During the same period last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year.

A number of equities analysts have commented on the stock. ValuEngine cut shares of Astronics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Zacks Investment Research cut shares of Astronics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Seaport Global Securities started coverage on shares of Astronics in a research report on Wednesday, May 1st. They set a “buy” rating and a $42.00 price objective for the company. Dougherty & Co reissued a “buy” rating and issued a $40.00 target price (down previously from $46.00) on shares of Astronics in a research report on Tuesday, August 6th. Finally, SunTrust Banks reduced their target price on shares of Astronics to $26.00 and set a “sell” rating for the company in a research report on Tuesday, August 6th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $38.20.

ATRO stock traded down $0.10 during midday trading on Friday, reaching $27.68. 422,306 shares of the company were exchanged, compared to its average volume of 371,952. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.97 and a quick ratio of 1.77. The business has a 50-day moving average price of $34.02 and a two-hundred day moving average price of $35.52. Astronics has a one year low of $25.85 and a one year high of $45.73. The firm has a market capitalization of $907.68 million, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.36.

In other news, VP Mark Peabody sold 2,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $43.78, for a total value of $87,560.00. Following the completion of the sale, the vice president now owns 18,761 shares of the company’s stock, valued at $821,356.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David C. Burney sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $26.20, for a total transaction of $104,800.00. Following the completion of the sale, the chief financial officer now directly owns 33,434 shares of the company’s stock, valued at approximately $875,970.80. The disclosure for this sale can be found here. In the last three months, insiders sold 15,000 shares of company stock valued at $538,810. 15.80% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of ATRO. PNC Financial Services Group Inc. raised its stake in Astronics by 196.6% in the first quarter. PNC Financial Services Group Inc. now owns 872 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 578 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Astronics by 481.7% in the second quarter. Tower Research Capital LLC TRC now owns 733 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 607 shares in the last quarter. Optimum Investment Advisors acquired a new position in Astronics in the first quarter valued at about $33,000. Quantamental Technologies LLC acquired a new position in Astronics in the first quarter valued at about $50,000. Finally, Bremer Bank National Association acquired a new position in Astronics in the first quarter valued at about $67,000. 61.14% of the stock is owned by institutional investors and hedge funds.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.